Forget Plug Power, These Unstoppable Stocks Are Better Buys

Plug Power (NASDAQ: PLUG) believes its focus on building a leading hydrogen network will lead to robust growth over the next few years. The company estimates it can grow its revenue from $1.2 billion last year to $20 billion by 2030, a 50% compound annual rate.

However, its troubling financial picture could stunt its growth. Because of that, investors should forget about investing in Plug Power and consider Brookfield Renewable (NYSE: BEPC)(NYSE: BEP) and NextEra Energy (NYSE: NEE) instead. While they don't focus solely on hydrogen, they're in excellent positions to capitalize on the fuel's growth.

Plug Power is investing heavily in building its hydrogen network to increase its scale and reduce costs. The concern is that the company doesn't have the financial capacity to spend at its current level.

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Source Fool.com